Rosen Law Firm Reminds Hi-Crush Partners Shareholders of Important Class Action Deadline -- HCLP


NEW YORK, Dec. 20, 2012 (GLOBE NEWSWIRE) -- The Rosen Law Firm reminds investors of the important January 22, 2013 Lead Plaintiff deadline in the class action on behalf of investors who purchased Hi-Crush Partners LP (NYSE:HCLP) stock in or after the Company's August 2012 initial public offering (the "IPO").

If you purchased Hi-Crush shares in the IPO or anytime thereafter, you may join the class action by visiting the firm's website at http://rosenlegal.com, or call Phillip Kim, Esq., toll-free, at 866-767-3653; you may also email pkim@rosenlegal.com for information on the class action.

The Complaint alleges that Hi-Crush misled investors in the IPO and afterwards by highlighting Baker Hughes as one of Hi-Crush's two largest customers and emphasized that it was obligated to purchase from Hi-Crush pursuant to a May 2012 "take-or-pay contract" that "require[d]" Baker Hughes "to pay a specified price for a specified volume of frac sand each month." However, on November 13, 2012, Hi-Crush was forced to disclose that Baker Hughes had unilaterally repudiated that supply contract, stating Hi-Crush was in breach. On this disclosure, Hi-Crush's stock price fell $5 per share, or 25%, on extremely high trading volume of more than 3.3 million shares trading.

If you wish to serve as lead plaintiff, you must move the Court no later than January 22, 2013. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, or discuss your rights or interests regarding the class action, please contact Phillip Kim, Esq. of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at pkim@rosenlegal.com.

The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.

Prior results do not guarantee a similar outcome.



            

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